When your homeschool treasurer hands you a financial statement, do you know what you’re looking at?
HomeschoolCPA Carol Topp explains how to read and understand the statement of revenues and expenses better known as the Profit and Loss or P&L . This 15 minute podcast will help your treasurer prepare a statement that is easy to read and understand.
In the podcast Carol mentioned the statement of revenues and expenses better known as the Profit and Loss or P&L. Here is what it might look like for a homeschool group:
Carol Topp, CPA has written a book just for homeschool treasurers:
Money Management in a Homeschool Organization
- Does your homeschool group manage their money well?
- Do you have a budget and know where the money is spent?
- Do you know how to prevent fraud?
This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.
Carol Topp, CPA